Pennsylvania | Insurance Law
10/04/10, 12:29 pm
Legal Question
I recently lost my home to a fire, Ford City, PA., everything is gone. I had $130,000 in coverage on the dwelling/structure and I owe around $38,000 to the bank on the mortgage. My insurance company said I will get $94,000...that minus what I currently owe equals $56,000. I asked about the $36,000 and they told me it was depreciation, someone told me this was bs because they don't want to pay me what I am truly owed. Is this correct?
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